FTSE Russell has ejected dozens of companies from a family of stock indices for failing to meet more stringent environmental standards, the first time it has taken such a step.
The index provider has removed 34 groups from its FTSE4Good All-World benchmark after deciding they failed to meet its newly introduced Climate Change Score.
The 34 were among 208 companies put on a watchlist in June 2021 for potential deletion if they did not meet FTSE Russell’s new requirements.
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